WASHINGTON — An influential congressional advisory body warned in its annual report that strategic and systemic competition between the United States and China continues to intensify as Beijing forges ahead with its ambitious plans to surpass American power. The 741-page report, released Nov. 14 by the U.S.-China Economic and Security Review Commission, paints a sobering picture of China’s rapid military buildup and pursuit of global influence through a variety of means. And it warns that managing this complex rivalry will remain a top national security priority for the foreseeable future. “The new normal is one of continuing, long-term strategic and...